The USD seems to be losing its status as the global currency reserve.
Many nations are selling off BILLIONS in US bonds - China sold off over $340 billion.
The debt keeps climbing.
$1 TRILLION a year just to service the interest!
Trump's ever changing tariffs - based on whether or not he got soap in his eyes in the shower that morning - are not helping the global economy and American trade.
His insane BBB which gives $3 TRILLION in tax cuts over the next decade to billionaires while kicking the bottom 16 MILLION Americans off healthcare is not only a breach of election promises to curb the debt, but it is economically suicidal.
The world is watching - and starting to prepare for the end of American economic hegemony.
The end of the American advantage as the global currency reserve.
This brilliant analysis shows the weird way international borrowing of US bonds has propped up the US economy.
But if confidence in the US dollar vanishes - everything changes.
Inflation kick starts, importing all those manufactured goods and a quarter of your food all becomes more expensive - and the interest rates could rise. Then you're paying even MORE to service your debt.
Annually - the US is paying MORE ON DEBT than your entire military budget!
And that is unprecedented in developed economies.
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